Natural Gas (Third Quarter 2010)
Hot, hot, hot….
UtiliTech's procurement consulting service can maintain your service quality and provide energy cost reduction with little or no capital outlay:
Flexible service options designed to save your company money and time.
Customer Experiences
As we entered the summer season, the first day was hot, the next day was hotter and today, the third day is forecasted to be the hottest yet. Next January’s future price has been bouncing up and down in the mid to high $5/dth area since leaving the $6 level on March 3rd. The hot temperatures plus tropical wave blotches entering the National Hurricane center’s Caribbean map have moved the center of January’s future price oscillations closer to, but not above $6 yet.
Will the current trendless trading continue for another month, or will those willing to ride the market be caught short by a sudden move to the upside? Some buyers are waiting for rock-bottom relying on healthy storage and a still sluggish economy. Before making your decision, you will need to consider whether today’s market forces are short-term events or the beginning of a new set of fundamentals?
Without UtiliTech, busy buyers tend to rely on their gas supplier rep for advice. The problem with that is a supplier rep is driven by sales objectives, and tailors advice according to his or her particular company’s product portfolio. Conversely, as your consultant, we constantly monitor the market, and we manage market risks to best suit your business objectives.
At UtiliTech, we place great importance on providing services that meet each client’s needs. UtiliTech works closely with management teams to understand their business operation and to custom design a service package. Typical activities include:
Audit Past Activity – tax rates, imbalance penalties, and minimum bill charges
Evaluate Present Situation – contracts, tariffs, markets, budgeting, and taxes
Invoke Future Strategy - supplier choices, market timing and layered purchasing
Do you have time to watch the market? At UtiliTech, we monitor the gas market every day. We expect and anticipate price spikes caused by short-term market disruptions and even market manipulations. Pulling the trigger too early can cost plenty in terms of lost opportunity but there are times, the opposite is true. That’s why we constantly monitor natural gas markets for our customers.
Contact us today to discuss a customized package to bring gas costs under control.